工作论文 PAPERS
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Spatial Misallocation in Education: The Left-Behind and Land Reforms in China
We study how land security shapes family migration and rural-origin children...
Kazushige Matsuda, Karol Mazur*, Chao Shen
Working Paper | No. 20260302 |
Keywords: migration, misallocation, human capital, agriculture, property rights
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Information Design for Social Learning with Patient Agents
Agents arriving sequentially may adopt a new technology. Early adoption revea...
Chen Lyu, Lu Liao
Working Paper | No. 20260301 |
Keywords: information design, Bayesian persuasion, collective experimentation, long-lived agent, bandit problem
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Survival of the Fittest: A Three-Factor Model in the Currency Market
Recent decades have witnessed a rapid growth in proposed risk factors in the ...
Sining Liu, Yan Wang, Lingxiao Zhao*
Working Paper | No. 20260104 |
Keywords: currency markets, asset pricing, factor models, bayesian model comparison, heavytailed returns
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Reserve System with Beneficiary-Share Guarantee
We study allocation problems with reserve systems under minimum beneficiary-s...
Yuan Gao, Xi Jin, Manshu Khanna
Working Paper | No. 20260103 |
Keywords: multi-principle allocation framework, market design, reserve system
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Binocular Directional Forecasting: A Cross-Attention Fusion Approach
We develop a binocular directional forecasting framework that jointly leverag...
Yutao Yuan, Lingxiao Zhao*
Working Paper | No. 20260102 |
Keywords: equity return prediction, image-based learning, cross-attention, portfolio performance
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Complexity Beyond Incentives: The Critical Role of Reporting Language
Many assignment systems require applicants to rank multi-attribute bundles (e...
Rustamdjan Hakimov, Manshu Khanna
Working Paper | No. 20260101 |
Keywords: matching market, random priority, market design, multiple attributes
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Comparative Advantage and Economies of Scale under Uncertainty
We study how regional specialization patterns and welfare are affected by unc...
Xiao Ma, Natalia Ramondo
Working Paper | No. 20251107 |
Keywords: trade, uncertainty, economies of scale, specialization
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Market Contraction and Innovation Divergence: The Impact of the US–China Tra...
This paper examines how the trade war affected the intensity and direction of...
Xiao Ma, Yueyuan Ma, Hanyi Tao, Yiran Zhang
Working Paper | No. 20251106 |
Keywords: trade war, innovation direction, textual analysis
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Trade War and Technology Rivalry
We develop a dynamic quantitative trade model featuring endogenous innovation...
Xiao Ma*, Zi Wang, Xiaodong Zhu
Working Paper | No. 20251105 |
Keywords: trade-driven technology diffusion, innovation, endogenous growth model, trade war, optimal tariffs
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Information Design for Social Learning with Patient Agents
Sequentially coming agents may adopt a new technology. Early adoption can gen...
Chen Lyu, Lu Liao
Working Paper | No. 20251104 |
Keywords: information design, Bayesian persuasion, collective experimentation, long-lived agent, bandit problem